Answer:
1. $1,821.76
2. 7.87%
Explanation:
We use the PMT formula that is shown in the attachment below:
Provided that
Present value = $75,200
Future value = $0
Rate of interest = 7.6% ÷ 2 = 0.6333333%
NPER = 48 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $1,821.76
2. Now the effective annual rate is
= (1 + APR ÷ number of months)^number of months - 1
= (1 + 7.6% ÷ 12)^12 - 1
= 7.87%
Answer:
d, $24,500
Explanation:
Computation for the Operating income for Winston Corporation as a whole if the Blur Division were dropped
Operating income (loss) for Blink Division $56,000
Less Allocated common costs Blur Division (31,500)
Operating income for Winston Corporation $24,500
Therefore the Operating income for Winston Corporation as a whole if the Blur Division were dropped would be $24,500
Answer:
I would give the person these 4 recommendations:
- The person should look for a checking account that does not charge any fees for withdrawals, or that charges a very low fee.
- The person should look for a bank that has a large number of ATMs available, or alternatively, lots of possibilities for online payments.
- The person should look for a bank that does not demand a keeping a minimum balance.
- Finally, the person should research all paperwork that is needed before opening the checking account, in order to streamline the process.
During a recession, the Federal Reserve, charged with regulating the nation's economy, adds money to the system to make credit more easily available. Easy credit results in greater economic activity as businesses and individuals borrow to finance purchases and operations. This is called the liquidity effect in economics. Economist Milton Friedman coined the term "liquidity effect" in 1969 to describe how expansionary monetary policy affects three elements of the economy: interest rates, income and inflation.
